diff --git a/crates/bin/pcli/src/command/tx.rs b/crates/bin/pcli/src/command/tx.rs
index 9289d1fb5c..5f9be82c63 100644
--- a/crates/bin/pcli/src/command/tx.rs
+++ b/crates/bin/pcli/src/command/tx.rs
@@ -1133,6 +1133,7 @@ impl TxCmd {
                     // TODO: impl From<u64> for ChannelId
                     source_channel: ChannelId::from_str(format!("channel-{}", channel).as_ref())?,
                     use_compat_address: *use_compat_address,
+                    ics20_memo: "".to_string(),
                 };
 
                 let plan = Planner::new(OsRng)
diff --git a/crates/cnidarium/src/gen/proto_descriptor.bin.no_lfs b/crates/cnidarium/src/gen/proto_descriptor.bin.no_lfs
index 09181ca63e..762d818a29 100644
Binary files a/crates/cnidarium/src/gen/proto_descriptor.bin.no_lfs and b/crates/cnidarium/src/gen/proto_descriptor.bin.no_lfs differ
diff --git a/crates/core/app/tests/common/ibc_tests/relayer.rs b/crates/core/app/tests/common/ibc_tests/relayer.rs
index 488e68dcca..2998d40b64 100644
--- a/crates/core/app/tests/common/ibc_tests/relayer.rs
+++ b/crates/core/app/tests/common/ibc_tests/relayer.rs
@@ -1485,6 +1485,7 @@ impl MockRelayer {
             source_channel: ChannelId::from_str("channel-0")?,
             // Penumbra <-> Penumbra so false
             use_compat_address: false,
+            ics20_memo: "".to_string(),
         };
         // There will need to be `Spend` and `Output` actions
         // within the transaction in order for it to balance
diff --git a/crates/core/component/shielded-pool/src/ics20_withdrawal.rs b/crates/core/component/shielded-pool/src/ics20_withdrawal.rs
index c452d5d703..a4881edd3c 100644
--- a/crates/core/component/shielded-pool/src/ics20_withdrawal.rs
+++ b/crates/core/component/shielded-pool/src/ics20_withdrawal.rs
@@ -41,6 +41,11 @@ pub struct Ics20Withdrawal {
     // Whether to use a "compat" (bech32, non-m) address for the return address in the withdrawal,
     // for compatability with chains that expect to be able to parse the return address as bech32.
     pub use_compat_address: bool,
+
+    // Arbitrary string data to be included in the `memo` field
+    // of the ICS-20 FungibleTokenPacketData for this withdrawal.
+    // Commonly used for packet forwarding support, or other protocols that may support usage of the memo field.
+    pub ics20_memo: String,
 }
 
 #[cfg(feature = "component")]
@@ -118,6 +123,7 @@ impl From<Ics20Withdrawal> for pb::Ics20Withdrawal {
             timeout_time: w.timeout_time,
             source_channel: w.source_channel.to_string(),
             use_compat_address: w.use_compat_address,
+            ics20_memo: w.ics20_memo.to_string(),
         }
     }
 }
@@ -148,6 +154,7 @@ impl TryFrom<pb::Ics20Withdrawal> for Ics20Withdrawal {
             timeout_time: s.timeout_time,
             source_channel: ChannelId::from_str(&s.source_channel)?,
             use_compat_address: s.use_compat_address,
+            ics20_memo: s.ics20_memo,
         })
     }
 }
@@ -164,7 +171,7 @@ impl From<Ics20Withdrawal> for pb::FungibleTokenPacketData {
             denom: w.denom.to_string(),
             receiver: w.destination_chain_address,
             sender: return_address,
-            memo: "".to_string(),
+            memo: w.ics20_memo,
         }
     }
 }
diff --git a/crates/proto/src/gen/penumbra.core.component.ibc.v1.rs b/crates/proto/src/gen/penumbra.core.component.ibc.v1.rs
index 320e259a47..2eb7b4651d 100644
--- a/crates/proto/src/gen/penumbra.core.component.ibc.v1.rs
+++ b/crates/proto/src/gen/penumbra.core.component.ibc.v1.rs
@@ -73,6 +73,11 @@ pub struct Ics20Withdrawal {
     /// for compatability with chains that expect to be able to parse the return address as bech32.
     #[prost(bool, tag = "8")]
     pub use_compat_address: bool,
+    /// Arbitrary string data to be included in the `memo` field
+    /// of the ICS-20 FungibleTokenPacketData for this withdrawal.
+    /// Commonly used for packet forwarding support, or other protocols that may support usage of the memo field.
+    #[prost(string, tag = "9")]
+    pub ics20_memo: ::prost::alloc::string::String,
 }
 impl ::prost::Name for Ics20Withdrawal {
     const NAME: &'static str = "Ics20Withdrawal";
diff --git a/crates/proto/src/gen/penumbra.core.component.ibc.v1.serde.rs b/crates/proto/src/gen/penumbra.core.component.ibc.v1.serde.rs
index b4bcbf3624..58fd339e65 100644
--- a/crates/proto/src/gen/penumbra.core.component.ibc.v1.serde.rs
+++ b/crates/proto/src/gen/penumbra.core.component.ibc.v1.serde.rs
@@ -1057,6 +1057,9 @@ impl serde::Serialize for Ics20Withdrawal {
         if self.use_compat_address {
             len += 1;
         }
+        if !self.ics20_memo.is_empty() {
+            len += 1;
+        }
         let mut struct_ser = serializer.serialize_struct("penumbra.core.component.ibc.v1.Ics20Withdrawal", len)?;
         if let Some(v) = self.amount.as_ref() {
             struct_ser.serialize_field("amount", v)?;
@@ -1083,6 +1086,9 @@ impl serde::Serialize for Ics20Withdrawal {
         if self.use_compat_address {
             struct_ser.serialize_field("useCompatAddress", &self.use_compat_address)?;
         }
+        if !self.ics20_memo.is_empty() {
+            struct_ser.serialize_field("ics20Memo", &self.ics20_memo)?;
+        }
         struct_ser.end()
     }
 }
@@ -1107,6 +1113,8 @@ impl<'de> serde::Deserialize<'de> for Ics20Withdrawal {
             "sourceChannel",
             "use_compat_address",
             "useCompatAddress",
+            "ics20_memo",
+            "ics20Memo",
         ];
 
         #[allow(clippy::enum_variant_names)]
@@ -1119,6 +1127,7 @@ impl<'de> serde::Deserialize<'de> for Ics20Withdrawal {
             TimeoutTime,
             SourceChannel,
             UseCompatAddress,
+            Ics20Memo,
             __SkipField__,
         }
         impl<'de> serde::Deserialize<'de> for GeneratedField {
@@ -1149,6 +1158,7 @@ impl<'de> serde::Deserialize<'de> for Ics20Withdrawal {
                             "timeoutTime" | "timeout_time" => Ok(GeneratedField::TimeoutTime),
                             "sourceChannel" | "source_channel" => Ok(GeneratedField::SourceChannel),
                             "useCompatAddress" | "use_compat_address" => Ok(GeneratedField::UseCompatAddress),
+                            "ics20Memo" | "ics20_memo" => Ok(GeneratedField::Ics20Memo),
                             _ => Ok(GeneratedField::__SkipField__),
                         }
                     }
@@ -1176,6 +1186,7 @@ impl<'de> serde::Deserialize<'de> for Ics20Withdrawal {
                 let mut timeout_time__ = None;
                 let mut source_channel__ = None;
                 let mut use_compat_address__ = None;
+                let mut ics20_memo__ = None;
                 while let Some(k) = map_.next_key()? {
                     match k {
                         GeneratedField::Amount => {
@@ -1228,6 +1239,12 @@ impl<'de> serde::Deserialize<'de> for Ics20Withdrawal {
                             }
                             use_compat_address__ = Some(map_.next_value()?);
                         }
+                        GeneratedField::Ics20Memo => {
+                            if ics20_memo__.is_some() {
+                                return Err(serde::de::Error::duplicate_field("ics20Memo"));
+                            }
+                            ics20_memo__ = Some(map_.next_value()?);
+                        }
                         GeneratedField::__SkipField__ => {
                             let _ = map_.next_value::<serde::de::IgnoredAny>()?;
                         }
@@ -1242,6 +1259,7 @@ impl<'de> serde::Deserialize<'de> for Ics20Withdrawal {
                     timeout_time: timeout_time__.unwrap_or_default(),
                     source_channel: source_channel__.unwrap_or_default(),
                     use_compat_address: use_compat_address__.unwrap_or_default(),
+                    ics20_memo: ics20_memo__.unwrap_or_default(),
                 })
             }
         }
diff --git a/crates/proto/src/gen/proto_descriptor.bin.no_lfs b/crates/proto/src/gen/proto_descriptor.bin.no_lfs
index 70880248d1..33adc23847 100644
Binary files a/crates/proto/src/gen/proto_descriptor.bin.no_lfs and b/crates/proto/src/gen/proto_descriptor.bin.no_lfs differ
diff --git a/proto/penumbra/penumbra/core/component/ibc/v1/ibc.proto b/proto/penumbra/penumbra/core/component/ibc/v1/ibc.proto
index 733ca5a3af..de0d70d347 100644
--- a/proto/penumbra/penumbra/core/component/ibc/v1/ibc.proto
+++ b/proto/penumbra/penumbra/core/component/ibc/v1/ibc.proto
@@ -54,6 +54,11 @@ message Ics20Withdrawal {
   // Whether to use a "compat" (bech32, non-m) address for the return address in the withdrawal,
   // for compatability with chains that expect to be able to parse the return address as bech32.
   bool use_compat_address = 8;
+
+  // Arbitrary string data to be included in the `memo` field
+  // of the ICS-20 FungibleTokenPacketData for this withdrawal.
+  // Commonly used for packet forwarding support, or other protocols that may support usage of the memo field.
+  string ics20_memo = 9;
 }
 
 message ClientData {